he joins us this morning. nice to have you with us, sir. great to see you again. a documentary a couple years ago. >> i remember. >> nice to have you with us today. i want to talk -- christine, stick around. i want to talk about finance 101. the deficit is the gap between the spending and revenue that the government has every single year. the cbo is reporting that the deficit in 2012 is a 1$1.1 trillion which sounds terrible, but it's also gone down over the years, if you look at 2009, 1.4 trillion, 2010, it dropped, 2011 it dropped and 2012 it dropped. why are you focused on fixing the debt at a time when we veal have a low borrowing rate? why focus on fixing the debt instead of the deficit? >> the two of them are really the same thing. you have to fix the deficit in order to get to a more sensible place with the debt. the difference now, we have these high levels of deficit in the past. and they can't -- the war -- the depression was over. the separation we're in now, with the deficit being driven by an unwillingness no tax and to cut entitlements, no end in sit